WFMY News 2 -- The buzz word in Washington right now is sequester -- $85 billion in budget cuts across the board scheduled to kick in on march 1st.

President Barack Obama said Tuesday it will essentially gut public services.

Congressional Republicans said the president got tax increases as a part of the fiscal cliff deal late last year and this debt deal should be spending cuts only. Their plan is to cut spending and close tax loopholes and deductions that benefit the wealthy.

Congress is not scheduled to be back in session until this Monday, but on Tuesday, WFMY News 2 spoke with Washington legislators about these massive budget cuts and what they are doing to make a deal happen.

Representative Howard Coble said the budget cuts may be forthcoming the way we continue to spend money.

"Try to be as flexible as you can," Coble said. "You may have to give something up. Your neighbors may have to as well."

She also added she stands ready to work with her colleagues toward a plan that protects North Carolina bases and personnel, and promotes military readiness.

Senator Richard Burr stopped by WFMY News 2 on Tuesday and said concessions on taxes have already been made and there's no more he's willing to give.

"I'm not willing to raises taxes one more penny. What i am willing to do it the reforms that are needed," Burr said. "The American people know we can't have a strong economy. We can't grow at plus 4% without reform and entitlements, that's medicaid, medicare and social security."